The stock market rebounded on Friday, recovering from the previous day’s historic losses as investors took advantage of attractive valuations and positive economic indicators.
The Pakistan Stock Exchange’s benchmark KSE-100 Index surged by 3238.17 points, or 3.05% to close at 109,513.14. The recovery came from Thursday’s single-day fall of 4,795.32 points or -4.32%, reflecting strong investor optimism.
The strong recovery came after a week marked by intense volatility and profit-taking that led to steep declines.
“Market is recovering after profit-taking as valuations have become attractive,” said Samiullah Tariq, Head of Research at Pak-Kuwait Investment Company, attributing the renewed interest to improved sentiment and compelling entry points for investors.
